New owners issue Derby promise - Sport in brief - Evening Standard
       

New owners issue Derby promise

Derby's new American owners have promised not to drag the club into the same financial turmoil that has engulfed Liverpool after securing the club in a £50million takeover.

The General Sports and Entertainment (GSE) group have bought 93% of Derby and say they aim to make the club a "global brand", but insist the identity of the consortium who have put up the money for the purchase must remain secret for the time being.

Derby chairman Adam Pearson said: "It's a positive deal and very different to the Liverpool deal."

GSE looked at the possibility of taking over a number of Premier League clubs, including Manchester City, before settling on the Rams.

Pearson, who will retain a seven per cent shareholding and position as chairman of football operations, said they were using Aston Villa - now owned by American tycoon Randy Lerner - as the model rather than Liverpool where Tom Hicks and George Gillett have just taken on £350million debts.

Pearson said: "You have a situation at Aston Villa and you have a situation at Liverpool. One has been remarkably successful in revolutionising the club, the other is going down a different route.

"When you are injecting debt into an institution that is Liverpool football club you are going to have problems. This is a completely contrary route to that.

"This is a cash deal injected into the football club, some will be spent on the team and some on the club."

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